Devon Energy — Nov 5, 2024 release

This fourth-quarter volume growth will be driven by an estimated 110,000 Boe per day of incremental production from the company’s Williston Basin acquisition. Beginning with the fourth quarter, the Williston Basin will be combined with the Powder River Basin and reported as the Rockies business unit. The company also adjusted the midpoint of its capital outlook to $950 million for the upcoming quarter. This guidance incorporates $150 million of incremental capital requirements related to the acquisition in the Williston Basin. Additional details of Devon’s forward-looking guidance are available on the company’s website at www.devonenergy.com . CONFERENCE CALL WEBCAST AND SUPPLEMENTAL EARNINGS MATERIALS Also provided with today’s release is the company’s detailed earnings presentation that is available on the company’s website at www.devonenergy.com . The company’s third-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Nov. 6, 2024, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com .   Investor Contacts    Media Contact Ro